What to know when moving to Lake Dallas, TX
Lake Dallas at a Glance
- The Vibe:
- A community with 38% of residents holding a bachelor's degree and 25.8% renting.
- The Major Draw:
- A median household income of $98,284, making it financially appealing for many.
- The Reality Check:
- Only 0.4% of residents use public transit, indicating a car-dependent area.
- Top Tip:
- Budget for $1,659 monthly rent to secure a place here.
The 'Vibe' Check: Who Thrives Here?
Lake Dallas is a small community with a population of about 13,046. The median gross rent is $1,659, which reflects a relatively stable housing market. With a poverty rate of just 1.9%, it has a financially secure resident base. The area is also characterized by a low renter percentage of 25.8%, indicating a strong owner-occupied presence.
Probably not your spot if you are looking for a robust public transit system, as only 0.4% of residents commute this way.
Your Money: Housing & Cost Snapshot
- Median gross rent is $1,659, which is a significant consideration for your budget.
- The median home value is $302,100, making homeownership a feasible option for many.
- 38% of residents hold a bachelor's degree, contributing to a well-educated community.
- The poverty rate stands at only 1.9%, reflecting economic stability.
Source: U.S. Census Bureau, ACS 5-Year Data Profiles.
Crime & Safety: What the Numbers Say
Texas has experienced a decline in crime rates over the past few years, with property crime rates decreasing by 23.1% since 2022. The state's annual property crime rate is 1,797.7 per 100,000 residents, which is 16.2% higher than the national rate of 1,546.9 per 100,000. Similarly, the violent crime rate stands at 345.5 per 100,000 residents, slightly above the national average of 325.3 per 100,000.
- Violent crime: Texas annual rate is 345.5 vs. national 325.3, with a 21.8% decrease since 2022.
- Property crime: Texas annual rate is 1,797.7 vs. national 1,546.9, with a 23.1% decrease since 2022.
- Notable trend: Homicide rates have decreased by 35.1% since 2022.
Source: FBI Crime Data Explorer (state-level summarized data for Texas).
Schools & Higher Ed
Lake Dallas has access to a variety of higher education institutions in the nearby region. In total, there are 6 postsecondary institutions available.
- Texas Woman's University
- University of North Texas
- Ogle School Hair Skin Nails-Denton
- The Salon Professional Academy-Lewisville
- Paul Mitchell the School-Dallas
- The Chicago School at Dallas
Source: NCES Postsecondary School Locations, U.S. Dept. of Education College Scorecard.
Weather & Getting Outside
Lake Dallas experiences an annual precipitation of approximately 42.9 inches, with about 68 rainy days throughout the year. This means you might want to keep an umbrella handy. The area does not receive snowfall, making it easier for outdoor activities year-round.
- Ninja Kidz Action Park: 4.9 stars, 9,714 reviews
- Arbor Hills Nature Preserve: 4.8 stars, 7,937 reviews
- Little Elm Park: 4.6 stars, 5,566 reviews
- Lake Park: 4.5 stars, 2,442 reviews
Sources: NOAA Climate Data Online, Google Places.